NSW Sydney contribution to GDP

Discussion in 'Where to Buy' started by wombat777, 28th Feb, 2017.

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  1. wombat777

    wombat777 Well-Known Member

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    Wow! - Some amazing figures reflected in contribution of some Sydney regions to GDP growth.

    IMO, one of the fundamental reasons the Sydney property market is so strong. Justifies the very strong property price growth in the areas mentioned.

    Sydney's CBD area, the inner northern suburbs and the Ryde district together delivered 24 per cent of gross domestic product growth in 2015-16, research by consultancy group SGS Economics and Planning shows.

    All three districts are within Sydney's "global economic corridor" which arcs from Macquarie Park through the CBD to Kingsford Smith airport. Many high value, knowledge-intensive industries have clustered in that corridor including finance, IT, professional services, engineering, research, healthcare, marketing and media. The Baulkham Hills and Hawkesbury district also registered very strong growth.    ​

    The three Sydney districts generating a quarter of Australia's economic growth

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    wombat777, 28th Feb, 2017
    #1
  2. Gockie

    Gockie Life is good ☺️ Premium Member

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    Everything is truly hunky dory. Sunshine and lolly pops. Property prices keep going up, employment is not an issue.
    Forget the rest of Australia, because that's not important....

    Sorry to the ~80% of the population in a different situation... at least buying a home is cheaper where you are though?
     
    Gockie, 28th Feb, 2017
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    Brickbybrick, wombat777 and Dave3214 like this.
  3. hash_investor

    hash_investor Well-Known Member

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    not too surprising... we already know Australia's reliance on cities and how rural australia is too rural
     
    hash_investor, 1st Mar, 2017
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